{"id":1732,"date":"2020-12-03T10:08:08","date_gmt":"2020-12-03T10:08:08","guid":{"rendered":"https:\/\/finco.co.il\/portal\/%d7%94%d7%90%d7%9d-%d7%97%d7%9c%d7%b4%d7%aa-%d7%91%d7%92%d7%99%d7%9f-%d7%a7%d7%95%d7%a8%d7%95%d7%a0%d7%94-%d7%96%d7%95-%d7%a1%d7%99%d7%91%d7%94-%d7%9c%d7%94%d7%97%d7%96%d7%a8-%d7%9e%d7%a1\/"},"modified":"2022-08-28T13:45:56","modified_gmt":"2022-08-28T13:45:56","slug":"%d7%94%d7%90%d7%9d-%d7%97%d7%9c%d7%b4%d7%aa-%d7%91%d7%92%d7%99%d7%9f-%d7%a7%d7%95%d7%a8%d7%95%d7%a0%d7%94-%d7%96%d7%95-%d7%a1%d7%99%d7%91%d7%94-%d7%9c%d7%94%d7%97%d7%96%d7%a8-%d7%9e%d7%a1","status":"publish","type":"post","link":"https:\/\/finco.co.il\/en\/portal\/%d7%94%d7%90%d7%9d-%d7%97%d7%9c%d7%b4%d7%aa-%d7%91%d7%92%d7%99%d7%9f-%d7%a7%d7%95%d7%a8%d7%95%d7%a0%d7%94-%d7%96%d7%95-%d7%a1%d7%99%d7%91%d7%94-%d7%9c%d7%94%d7%97%d7%96%d7%a8-%d7%9e%d7%a1\/","title":{"rendered":"Is unemployment due to Corona a reason for a tax refund?"},"content":{"rendered":"
\n
Is unemployment due to Corona a reason for a tax refund?<\/strong>
\nRecently, the digital space has been filled with teasers about the millions of tax refunds that will come next year to the citizens of Israel.
\nis it true? Does everyone who was in Halat deserve a tax refund?<\/strong>
\nAt the moment, when the 2020 tax year is coming to an end and the trends for the year are already clear, we will try to put things in order and answer all the questions.
\nThe first and most common question: Is a tax return a reason for a tax refund?<\/strong>
\nHalat is unpaid leave, when there is no dismissal or change of employer.
\nTo answer the question, you need to understand the method by which salary is calculated. The calculated tax charge is accumulated backwards from the beginning of the tax year, so when the work breaks are in the middle of the tax year, as in the case of the first shutdown that ended in May 2020 or the second shutdown that ended in November 2020, and the employee returns to his existing workplace, the excess tax, if taken, returns to the employee through the pay slip already During the year.
\nIt works like this every year, it’s not new to Corona, the sick tax refund is created only when the break runs between the years for example from October 2020 to February 2021, in this case an employee who paid tax (only the one who paid because the one who doesn’t pay tax is not entitled to a tax refund) Apparently he is entitled to a tax refund when submitting an income tax return, because he did not receive tax back through the payslip.
\nThe thing that is special about Corona is unpaid vacation pay that National Insurance paid to people who went on vacation without pay for more than a certain period. These payments are taxable income, National Insurance makes withholding tax, but they always treat the income they pay as the only income. The withholding tax that they do is carried out according to a low level, therefore in tax coordination between the two incomes, the income from work and the introduction of salaried fees, a tax debt may arise with a high probability.
\nThe employees who were fired due to Corona, received\/withheld their exempt compensation and then returned to work for the same employer within 6 months. In this case the employee is not entitled to an exemption for compensation, and in submitting an annual report may be required to return tax that he did not pay because he received the exemption.
\nTherefore, submitting a report for a tax refund in certain situations can flood an existing debt to the income tax, instead of a tax refund.
\nWhich of the “corona” events can be a reason for a tax refund?<\/strong>
\nCorona caused a lot of movement in the market, many people were laid off, people who were laid off after many years of work received large amounts of compensation and are taxable, people changed employers and were at home for an extended period of time, many times in the new job the salary was significantly lower than the salary at the previous workplace, many people drew a pension fund and paid tax, withdrew an illiquid training fund and paid fines. Because of economic distress people sold real estate and paid appreciation tax. All these movements are potential
\nfor tax refund
\nThere is no doubt that the year was full of events to check from a taxation point of view. But it should be remembered that in any event like this there can be a reason for a debt to the income tax, so it is better to use professionals, who can do a thorough examination and a preliminary calculation for your tax refund report.
\nIn addition to your use, a link to the concentration of rights for corona victims
\nIn all areas:<\/div>\n<\/div>\n
\n
https:\/\/www.kolzchut.org.il\/…\/%D7%9E%D7%99%D7%93%D7%A2…<\/a><\/div>\n<\/div>\n
<\/div>\n
\n
03-6012403<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Is unemployment due to Corona a reason for a tax refund? Recently, the digital space has been filled with teasers about the millions of tax refunds [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1732","post","type-post","status-publish","format-standard","hentry","category-portal"],"yoast_head":"\nIs unemployment due to Corona a reason for a tax refund? - FinCo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finco.co.il\/portal\/\u05d4\u05d0\u05dd-\u05d7\u05dc\u05f4\u05ea-\u05d1\u05d2\u05d9\u05df-\u05e7\u05d5\u05e8\u05d5\u05e0\u05d4-\u05d6\u05d5-\u05e1\u05d9\u05d1\u05d4-\u05dc\u05d4\u05d7\u05d6\u05e8-\u05de\u05e1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is unemployment due to Corona a reason for a tax refund? - FinCo\" \/>\n<meta property=\"og:description\" content=\"Is unemployment due to Corona a reason for a tax refund? 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